We are furnishing the Undertaking Letter containing the following clauses:

1. We shall not claim release of securities until the original Guarantees, duly cancelled are returned to us or the Guarantee liability is specifically discharged in writing by the beneficiary by means of a formal letter addressed to us.2. If in future there is any proceeding or stay against invocation or payment or the like as a consequence of which the Bank is put the necessity of keeping the Guarantee pending, the Bank may charge commission for that period also.Thanking You,

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.Neetu Singh holds an Engineering degree in Computer Science with MBA Degree in Finance and Human Resource (HR). Currently she is running a Global Manpower Consultancy.
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